Mumbai, April 16 -- The rally comes after a global audit firm completed an independent review of IndusInd's books, quantifying the discrepancy at Rs 1,979 crore as of 30 June 2024. Crucially, the post-tax impact on the bank's net worth is pegged at 2.27% as of December 2024-marginally better than the bank's own internal estimate of 2.35% disclosed last month.

The bank first flagged the issue on 10 March 2025, and was quick to initiate both internal and external reviews. In its latest statement, IndusInd said it would reflect the impact in FY25 financials and strengthen internal controls to prevent future lapses in derivative accounting operations. Investors welcomed the bank's transparency and timely disclosures.

The stock's rebound was...